Eco-Shop Marketing Bhd
rose past a recent high of RM1.35 yesterday in a bid to resume its rally.
The share is poised to bypass the 100-day simple moving average and challenge the resistance at RM1.55. Higher resistance is pegged at the historical closing high of RM1.65.
There are positive indications in the technical indices, the slow-stochastic has risen to 55 points while the 14-day relative strength index (RSI) has increased to 65 points. The daily moving average convergence/divergence (MACD) histogram also points to a bullish uptrend.
Support levels are found at RM1.30 and RM1.20.
Solarvest Holdings Bhd has escaped a sideways channel to resume its uptrend, with its sights set on RM3.30.
Based on the daily price chart, the share price is outpacing the moving averages, suggesting a well-supported rally.
The momentum indicators are robust, with the slow-stochastic crossing into overbought conditions at 81 points while the RSI is rising at 64 points.
The MACD has given a bullish signal with a return to positive momentum.
Support for the share lies at RM2.75 and RM2.40.
Inari Amertron Bhd is seeing some bullish momentum after three straight days of gains, as buyers seek to restart a rally.
With the price moving beyond the short-term moving averages, the price chart is starting to show a more bullish formation. Resistance is seen at RM2.64 and RM3.21.
The slow-stochastic is nearly overbought at 77 points, but continues to rise.
The RSI, meanwhile, is climbing at 61 points.
The MACD histogram is making a turn higher, indicating a gradual return to bullishness.
Support is pegged to RM1.87 and RM1.22.
The comments above do not represent a recommendation to buy or sell.
